CME Group Reports Uptick in APAC and Latin America Volumes in Q3

Overall, the firm experienced a five percent decline in international daily volumes in the third quarter.

CME Group has announced its international (outside of North America) third-quarter trading volumes today. The firm, which is the largest futures exchange operator in the world, saw an increase in both its Asian and Latin American markets.

In the Asia Pacific region, the firm had an average daily volume (ADV) of 726,000 contracts in the third quarter of 2018. When compared to the same period last year, this is an increase of 4 percent.

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According to the statement, this uptick was driven by a strong performance in both equity and foreign exchange (FX) products. Specifically, equity volume was up 41 percent while FX trading volumes jumped by 36 percent in the region year-on-year.

Christopher Fix, CME Group
Christopher Fix
source: LinkedIn

Commenting on the increased trading volume, Christopher Fix, the Managing Director and Head of Asia Pacific at CME Group said: “in the past few months, heightened geopolitical uncertainty has further highlighted the need for risk management on a robust, liquid and regulated marketplace. We continue to see trading volume growth out of Asia Pacific, as our client education efforts gain further traction in the region.”

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Trading volume in Latin America also experienced a nice growth in the third quarter of this year with ADV at 82,000 contracts. This up by 21 percent year-on-year. It was driven by a growth of 92 percent in interest rate products and a 27 percent growth in energy products.

Trading Volume in EMEA Declines YoY for CME Group

Taking a look at the Europe, Middle East and Africa (EMEA) region for CME Group, ADV came in at 2.9 million contracts. While this might seem like a lot, this is actually down seven percent from the third quarter of 2017. Despite the overall decline, metals products did see an increase of 14 percent year-on-year and agricultural commodities were also up by three percent.

Overall, the firm’s international ADV hit 3.7 million contracts during the quarter. Despite gains in APAC and Latin America, this was still down by five percent year-on-year. In the third quarter, CME averaged 15.6 million contracts per day globally. This is slightly less than the third quarter of 2017 (down by one percent).

The results follow on from a solid second quarter, which experienced an average daily volume (ADV) for international transactions of 4.2 million contracts, an increase of 13 percent from the same time period last year.

During the month of September, CME Group experienced an ADV of 17.5 million contracts globally. This is a small jump of three percent when compared to the same time period last year. Open interest was 120 million contracts at the end of the month. This is an increase of 6 percent year-on-year and 11 percent from year-end 2017.

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